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CESTAT upheld rejection of refund of service tax on out-of-Pocket Expenses

June 18, 2021 705 Views 0 comment Print

Astrazeneca India Pvt. Ltd. Vs Commissioner of GST & CE (CESTAT Chennai) refund in respect of Hotel Accommodation Services is availed only for the benefit of the employees. The same issue has been allowed in favour of the appellants in their own case for the subsequent period. For these reasons, I hold that the refund […]

How to file form 15CB on New Income Tax Portal with FAQs

June 18, 2021 63108 Views 1 comment Print

Form 15CB FAQs Q.1 What is Form 15CB? Form 15CB is a certificate to be furnished by an Accountant in cases where any payment / aggregate of payments exceeding ₹5 Lakh in a FY, chargeable to income tax is made to a Non-Resident, not being a Company or to a Foreign Company, and a certificate from the AO u/s […]

LRS for Resident Individuals – Banks to upload requisite information on XBRL system

June 17, 2021 2577 Views 0 comment Print

AD Category -I banks were required to upload the data in respect of number of applications received and the total amount remitted under the Liberalised Remittance Scheme (the Scheme) on Online Return Filing System (ORFS). It has now been decided to collect this information through XBRL system instead of the ORFS.

Representation to FM on Issues in New Income Tax Portal

June 16, 2021 1605 Views 0 comment Print

We are listing around 38 issues in portal and this is the beginning only because still we are working on preliminary aspects and further issues are bound to arise when we start working with the Portal and make Tax Compliances on behalf of our clients, the valued Tax Payers of the Nation.

Grievances due to newly launched website of Income Tax Department

June 16, 2021 5238 Views 1 comment Print

fter launching of the website by the Income Tax Department on 07th day of June, 2021 the members are facing the problems as discussed below:- 1. DSC is not getting registered or updated, 2. New Incorporated companies or Firms are not able to register themselves on ITD Portal ,

SEBI devise a framework to mitigate the risk of misuse of client’s fund

June 16, 2021 1575 Views 0 comment Print

Securities and Exchange Board of India CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2021/577 June 16, 2021 To, All recognized Stock Exchanges Madam / Sir, Sub: Settlement of Running Account of Client’s Funds lying with Trading Member (TM) 1. SEBI, vide circular no. MIRSD/SE/Cir-19/2009 dated December 03, 2009 and SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 dated September 26, 2016, issued the guideline for settlement of running […]

Net Direct Tax collections for FY 2021-22 have grown at over 100%

June 16, 2021 3414 Views 0 comment Print

The figures of Direct Tax collections for the Financial Year 2021-22, as on 15.06.2021 show that net collections are at Rs.1,85,871 crore compared to Rs. 92,762 crore over the corresponding period of the preceding year, representing an increase of 100.4% over the collections of the preceding year.  

No supply where an employee is seconded from foreign parent company in India

June 16, 2021 4350 Views 0 comment Print

Explore the legal battle of Honeywell Technology Solutions Lab Pvt. Ltd. against the Commissioner of Service Tax (CESTAT Bangalore). Delve into the intricacies of the judgment and its implications on service tax for seconded employees.

ICSI clarifies on Opt-Out facility from June to Dec 2021 Exam

June 16, 2021 2934 Views 0 comment Print

Institute of Company Secretaries of India Announcement for Submission of Request for availing Opt-Out facility from June 2021 to December 2021 Exam Session 1. The June, 2021 Session of Examinations shall be conducted from 10th August, 2021 till 20th August 2021. Time table for the same is already hosted on the website of Institute separately. […]

Process of Filing ITR-1 under New Income Tax e-Filing Portal 2.0

June 16, 2021 496356 Views 61 comments Print

For Filing the ITR you need to download a JSON-based offline utility. ITR-1 can be filed online also. The following steps are help to file ITR-1 at New e-Filing portal 2.0 STEP 1: After Login we should click on the Dashboard to find out the page where we can file our return STEP 2: Select […]

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